Eco Fibers Market Size (2024 - 2029)

The eco fibers market is projected to experience significant growth over the forecast period, driven by increasing demand for sustainable textiles and household applications. Despite the initial negative impact of the COVID-19 pandemic, recovery efforts and government initiatives have revitalized the sector, enhancing the market's expansion. The high cost of eco-fiber products poses a challenge, yet the rising interest in natural fibers presents new opportunities. The Asia-Pacific region is anticipated to lead in market dominance and growth rate, reflecting its pivotal role in the global eco fibers market landscape.

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Market Size of Eco Fibers Industry

Eco Fibers Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 53.34 Billion
Market Size (2029) USD 79.84 Billion
CAGR (2024 - 2029) 8.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

Eco Fibers Market Major Players

*Disclaimer: Major Players sorted in no particular order

Eco Fibers Market Analysis

The Eco Fibers Market size is estimated at USD 53.34 billion in 2024, and is expected to reach USD 79.84 billion by 2029, growing at a CAGR of greater than 8% during the forecast period (2024-2029).

The eco fibers market was negatively impacted by COVID-19 in 2020. The textile industry was one of the industries to be worst affected by the pandemic, with business orders of garments dropping by double-digit numbers in the global market. However, the governments of most countries initiated various schemes to revive the sector, which later led to substantial growth and improvement in the sector. For instance, in Europe, the European Union (EU) and Better Work, a program to improve working conditions in the garment industry, decided to join efforts to improve working conditions in countries such as Bangladesh and Vietnam. Such initiatives helped revive the sector and consequently boosted eco-fiber demand.

Over the long run, growing demand for daily and fashion wear and increasing use of eco-fiber in household applications are expected to drive the market studied.

The high cost of final products is expected to hinder the market growth of eco fibers through the coming years.

Growing demand for natural fibers in various applications is expected to create opportunities for the market in the coming years.

Asia-Pacific is expected to dominate the global eco fibers market, and it is also expected to register the fastest growth through the forecast period.

Eco Fibers Industry Segmentation

Eco-fibers, or eco-friendly fabrics, are fibers that are not grown chemically or with the help of pesticides. They are millable, moldable, and disease-free. Such fibers are increasingly adopted in textile manufacturing owing to their environment and health-friendly nature in the flow processes.

The eco fibers market is segmented by type (organic fibers and recycled fibers), application (textiles, industrial, household and furnishing, and other applications {shoes, consumer goods, etc.}), and geography (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa). The report also covers the market size and forecasts for the market in 17 countries across the globe.

The report offers market size and forecasts for the Eco Fibers market in value (USD) for all the above segments.

Type
Organic Fibers
Recycled Fibers
Other Types
Application
Textiles
Industrial
Household and Furnishing
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Russia
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Eco Fibers Market Size Summary

The eco fibers market is poised for significant growth, driven by increasing global emphasis on sustainability and environmental friendliness. Eco fibers, made from materials like hemp, flax, organic cotton, and bamboo, are gaining traction as sustainable alternatives to conventional fibers. The market experienced a downturn due to the COVID-19 pandemic, which severely impacted the textile industry. However, government initiatives and programs aimed at improving working conditions and reviving the sector have led to a resurgence in demand for eco fibers. The market is expected to expand as the demand for eco-friendly textiles in daily and fashion wear, as well as household applications, continues to rise. Despite the high cost of eco fiber products posing a challenge, the growing consumer preference for natural fibers presents lucrative opportunities for market players.

Asia-Pacific is anticipated to dominate the global eco fibers market, with China and India playing pivotal roles due to their advanced textile industries and abundant cotton production. The region's growth is further supported by the availability of cost-effective labor and the increasing demand for eco-friendly textiles to address environmental concerns. Eco fibers are also finding applications in packaging, a sector experiencing rapid growth due to rising consumer demand for sustainable packaging solutions. The market is characterized by a partially consolidated structure, with key players like SATERI, Aditya Birla Management Corporation Pvt. Ltd, and LENZING AG leading the charge. Recent collaborations and production milestones, such as those by the Lenzing Group, underscore the industry's shift towards a circular economy, further bolstering the market's growth prospects.

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Eco Fibers Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand from Daily and Fashion Wear

      2. 1.1.2 Increasing Household Applications

    2. 1.2 Restraints

      1. 1.2.1 High Cost of Final Products

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Type

      1. 2.1.1 Organic Fibers

      2. 2.1.2 Recycled Fibers

      3. 2.1.3 Other Types

    2. 2.2 Application

      1. 2.2.1 Textiles

      2. 2.2.2 Industrial

      3. 2.2.3 Household and Furnishing

      4. 2.2.4 Other Applications

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 ASEAN Countries

        6. 2.3.1.6 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Russia

        6. 2.3.3.6 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Eco Fibers Market Size FAQs

The Eco Fibers Market size is expected to reach USD 53.34 billion in 2024 and grow at a CAGR of greater than 8% to reach USD 79.84 billion by 2029.

In 2024, the Eco Fibers Market size is expected to reach USD 53.34 billion.

Eco Fibers Market Report Snapshots

Eco Fibers Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)